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Nov 4, 2012 1:00pm PST
. >>> india's ruling congress party is promoting its open markets initiative to revive the nation's slowing economic growth. the party convened a massive gathering of supporters in the capital new delhi on sunday. an estimated 100,000 people are said to have attended. in september, india's coalition government announced deregulation measures to allow major foreign supermarket operators to enter the indian market under certain conditions. but the decision sparked protests, causing one political party to leave the coalition. its leaders said the measures would put undue pressure on smaller businesses. >>> prime minister how man sing told the gathering foreign investment would spur growth in the retail sector. congress party leader sonia gandhi said foreign investment is necessary to provide jobs to an increasing number of young people. the congress party is facing a barrage of criticism due to the slow-down of the nation's economic growth and a series of corruption scandals. the party's aim was to show its supporters and investors both at home and overseas its efforts to promote deregulation
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